Presidio Property Trust Announces the Closing of $10 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
ACCESSWIRE
15 Jul 2021, 06:19 GMT+10
SAN DIEGO, CA / ACCESSWIRE / July 14, 2021 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust, an internally managed, diversified real estate investment trust ( REIT ), today announced that it closed the registered direct offering of 1,000,000 shares of Series A its common stock ( Common Stock ), warrants ( Common Stock Warrants ) to purchase up to 1,000,000 shares of Common Stock, and pre-funded warrants ( Pre-Funded Warrants ) to purchase up to 1,000,000 shares of Common Stock. Each share of Common Stock and accompanying Common Stock Warrant were sold together at a combined offering price of $5.00, and each share of Common Stock and accompanying Pre-Funded Warrant were sold together at a combined offering price of $4.99. The Pre-Funded Warrants are immediately exercisable at a nominal exercise price of $0.01 and m
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